Mar 13, 2013 1:00pm EDT
again. >> and the. we're going to talk about and meet the guy who put dennis rodman and kim jong-un. that would be a unique idea about marketing. >> and now a picture of the vatican. we expect smoke. yes smoke. what is that bird doing there? that bird should not be there. we expect smoke any minute now. black or white. white would signal that a new pope has been elected in the conclave. this marks the third vote of the day. fourth overall. we are monitoring it closely and when there is a puff, we're going to bring it to you and that bird is going to fly away. first to sue. >> if that was a dove, you could say that that was divine intervention. i think it is a sea gull. we have a stunner to start us out. it's coming from the housing world. that infamous low down payment mortgage? it's back. diana is back in washington. we saw this the first time around and it didn't end nicely. >> reporter: no, it didn't but the banks and the government are behind it. refinance business falls so they are looking back to that home purchase mortgage market yet again. sources telling me that they are
Mar 18, 2013 5:00pm EDT
much further does it have to fall? dennis gartman from the gartman letter joins us now with that answer. and dennis, of course, i got to ask you about what you posted today because it's getting a lot of traction. and that is the notion that one cannot steal from the russian mafia and get away with it. is that -- >> you can't -- >> is that overexaggerating the situation? >> no. i don't think so, mel. everybody knows that the vast majority of the deposits in cyprus are from russia. they're russian government officials. they're russian businessmen. it's russian mafia. and you don't mess with the russian mafia. they don't -- people around the world don't kidnap russians because they know that the russians will deal with you in a very efficient and very ugly manner. i think that the decision here was egregiously bad. i think this was lunacy on the part of the european monetary authorities, the banking regulators, or whoever it was responsible for making this decision in cyprus. they have stepped upon russian toes, and the russians are not going to be happy about this. somebody will have to p
Mar 19, 2013 9:00am EDT
to a wristwatch. something that we already know that apple is also attempting to pioneer. dennis is the marketplace editor and columnist with the wall street journal. nice to she you on the program. >> good to see you, foo. >> what would this digital watch from whoever looks like? what would it do? >> it's hard to say exactly. some of the reports basically suggest it's an adjunct to your smart phone. it works as a mini interface to everything your smart phone does. the real potential for these types of devices is really to serve as a sensor. not so much what it's telling you, but what information it's collecting. at a fitness monitor, a nutrition monitor. all the things that are now separate devices can become a linked device and turn you from a man to a machine. >> that's actually the reality of the situation right now, dennis, in case you didn't know. getting back to the information -- >> thank you. >> any time. >> going back to this the information that this watch may, in fact, collect as a consumer, i would be concerned about privacy and what happens to this information, whic
Mar 13, 2013 12:00pm EDT
of korean leaders like kim jong-un on my screen just in case dennis rodman walks by. coming up today on "power lunch," one of the biggest catalysts -- what is that noise -- for the housing crash is back. we'll tell you what it is. how do you stop a hacker? one of the country's top sources on cyber security is going to tell you how. and apparently, they're friends for life. we'll talk to the man behind the world's most bizarre friendship. that was your hint. all that and more today on "power lunch." back to you, scottie. >> ty, thank you so much. we'll see you at the top of the hour. >>> we mentioned after our conversation with kate kelly, who was reporting that david tepper remains bullish, the stock market thinks we could get a 20% return this year, sure, we've already had ten. but he sees 20, possibly even higher, if some things fall into place. the markets started to rise at that moment. now, the s&p is up a little shy of 3 points. remember, sort of lost in the dow's record run, and eight straight days the dow's been up, the s&p is working on getting to its all-time closing high a
Mar 20, 2013 12:00pm EDT
highs. it's valuations look completely fine. i think they do well. >> dennis? >> it's interesting. i was going to say on the chart 36.5 is a long term resistance level. if it breaks above that you could see a bit of a bell. >> we deliver with trades on four stocks. goldman social, sony, the power shares, db, agricultural funt and holly frontier. murph is on the hot seat again. >> goldman is a name you want to own. this i think out of all the financials i would own bank of america but number two would be goldman sachs. it has had a nice pullback. i think they trade a lot higher in the long term. >> samsung is down the street unveiling new tv things today. sony is right in front of you right now. what do you do? >> sony is an interesting stock. when you go back a year ago, they were trading over $20. it got under $10 a share and now it's back to $17. low volumes. i'm not sure what they're doing. they haven't recovered since the walkman failed versus everything apple. they have the potential of going forward with the watch. only one analyst following the name, i think there are other na
Mar 13, 2013 4:00am EDT
washington while watching basketball with dennis rodman. somehow if it was michael jordan he had been hanging out with, i would be less concerned. however, despite all these big picture woes, what do we know, we know from costco, home depot, target, walmart. and from macy's! the things are just dandy with the consumer. and as horrible as jcpenney is doing, courtesy of an implosion led by wall-of-shamer, ceo, ron johnson, can't be providing a boost for every retailer, could it be? the consumer is fine. so i'm bullish, what else. housing is strong, getting stronger. consensus says we'll build 1 million homes, i think it will be way off, 20% more than that. 1.2 million. autos still strong, staying strong. industrial production hanging in. job creation. and that is pretty much the u.s. economy. so i'm not concerned about the economy. so -- why am i concerned about the market? well, look. i think the market can take a breather. that's all i'm saying. a better entry point which, again, is all i'm saying. let me tell you though, why i think that you could get a better place to buy. just wait for it.
Mar 19, 2013 6:00am EDT
to michael jackson. >> did you see that? >> yes. i did. >> dennis rodman. >> deadin rodman and king jong iii. i think that might mistake him mad enough. >> do we know what michael jackson song? >> no. i have no idea. ♪ >> thriller? >> we don't know. we don't know if dennis was in drag. we don't know whether they were slow dancing. all this is going to get us in trouble. we've just been blacked out in china. anyway, china's exchange rate controls sigh better spying and president obama leaves tonight for israel. no major policy breakthroughs are expected. this is the president's first visit to the west bank since moving into the white house. i think he was there maybe before becoming president. >>> why don't we take a look at the markets this morning. down day, up day, down day, futures are barely budging. dow futures up by less than 2 points. s&p futures up by less than one point. yesterday, it was the biggest losses. financials led the decline all day long, but in the afternoon selling picked up in energy stocks, materials, consumer discretionaries. if you're watching oil prices this morni
Mar 14, 2013 9:00am EDT
bird also did that with dennis johnson. >>> coke is the best performing dow component today as it is upped to outperform from underperform. >> this stock has been lagging in 2013. has not participated in the bull market. if you're thinking the dow will go higher, eventually you would think you'd have a catch-up performance by some of the laggards, including a coca-cola. >> that's part and parcel of what i'm talking about. you want this market -- if this market were being led every day by the same stocks, we'd feel very i think 2007-2008. it wouldn't surprise me tomorrow if someone find some way to recommend intel and microsoft because they're lag. is coke a rigorous upgrade? i don't think so. a lot of it is bloomberg failed, multiple expansion. but each day someone combs to the fore and surprises you. like the movie "hoosiers," remember the movie, basketball, where the guy 00 comes up and he -- everyone played a role. there's many people playing roles. >> i'm tearing up right now as we speak. >> blackberry shares trading higher today. we actually haven't mentioned this yet.
Mar 20, 2013 6:00am EDT
? yeah. north korea. >> dennis rodman's favorite country. >> his buddy. the animal torturer. plus a u.s. federal watchdog says fannie mae and freddie mac will repay their government bailout sooner than expected. the many reason revamped terms of the taxpayer funded rescue that went into effect this year and since the gses were seized by the government if 2008 they have drown $188 billion in taxpayer funds to stay afloat. they paid 58 billion to treasury in dividends and the company returned to profitability and earnings are swept into the treasury as a dividend payment for a government's stake in the firms. >> good news if you were going to have a yard sale on ebay. they will overall fees for sellers. the company is going to lower costs for many sellers as it steps up competition with amazon. fees will be determined by contract categories. in the past the percentage fee was based on the items priced. if you are going to sell some old golf clubs, joe, you may get a lower fee. yahoo! reportedly in talks for daily motion. this is ceo marissa mayer's biggest deal since taking over as ceo.